Caixa Geral AT1 sparks risk-reward debate with 10.75% coupon
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Caixa Geral AT1 sparks risk-reward debate with 10.75% coupon

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Caixa Geral de Depósitos attracted a solid €2bn of demand on Thursday for Portugal’s first additional tier one, as the bank made important headway on its recapitalisation plan. But market participants were divided over calculating fair value for the risky debt instrument.

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